Yummy Bags $18M as It Expands Delivery App Across Latin America
Company Background:
Yummy, a Venezuelan delivery super app, has recently raised an impressive $18 million in Series A funding after a $4 million seed round three months prior. Founded by Vicente Zavarce in 2020, Yummy has quickly gained traction with over 200,000 registered users. The app, which offers delivery and ridesharing services, is set to revolutionize the delivery landscape in Latin America with its rapid expansion strategy.
Investment Highlights:
Anthos Capital leads the Series A round, with participation from JAM Fund and other investors.
Expansion plans include launching 50 active dark stores in Peru and Chile by the end of 2022.
Yummy boasts a staggering 340,000 monthly transactions in Venezuela and a growth rate of over 35% in the past four months.
Expansion Impact and Market Growth:
Yummy's aggressive expansion into Peru and Chile underscores the company's commitment to becoming an integral part of daily life in Latin America. With plans to deliver over 2,000 products in under 15 minutes, Yummy is setting a new standard for delivery services. The funding will also contribute to the local economy by creating earning opportunities in U.S. dollars for thousands of 'Yummers' and drivers.
